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Reading: Whales Accumulate Chainlink and Introduce New Solutions
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COINTURK NEWS > Chainlink (LINK) > Whales Accumulate Chainlink and Introduce New Solutions
Chainlink (LINK)

Whales Accumulate Chainlink and Introduce New Solutions

In Brief

  • Whales are actively accumulating significant amounts of Chainlink tokens.

  • Chainlink introduces a new SVR solution targeting MEV losses in DeFi.

  • Aave proposes to test SVR integration to recover losses from liquidations.

Ömer Ergin
Ömer Ergin 5 months ago
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According to a report by Lookonchain, a blockchain tracking company, a whale is accumulating a significant amount of Chainlink $16 (LINK) through Binance. Over the past five days, this whale has created 30 new wallets and transferred a total of 1.37 million LINK, equating to a value of approximately 34.1 million dollars. This notable activity in the Chainlink ecosystem has sparked curiosity among market participants.

Contents
Chainlink’s SVR Solution Targets MEV LossesAave Awaits Feedback on SVR Integration

Chainlink’s SVR Solution Targets MEV Losses

During this period of substantial activity, Chainlink introduced a new DeFi solution named Smart Value Recapture (SVR). The SVR aims to recover Maximal Extractable Value (MEV) losses occurring during liquidation processes. In a statement, Chainlink mentioned that SVR could recover approximately 40 dollars for every 100 dollars lost. The company emphasized that this estimate is based on real-world data and adopts a more realistic approach compared to alternative solutions.

Chainlink’s announcement stated, “While some alternative solutions claim higher recovery rates, there is no evidence supporting these figures in the real world. We believe that SVR offers a reliable solution with a 40% recovery rate.”

Aave Awaits Feedback on SVR Integration

Following the introduction of Chainlink’s new solution, the lending platform Aave proposed testing SVR through a pilot program on Aave v3. Aave aims to recover MEV losses during liquidations and reintegrate them into its ecosystem. This proposal has been opened for discussion within the Aave community, and feedback is currently being awaited.

Chainlink’s SVR solution is expected to have a significant impact on the DeFi sector. Recovering MEV losses could provide a more transparent structure during liquidation processes. Should Aave adopt this solution, Chainlink’s influence in the DeFi space may increase.

In the past month, the price of LINK tokens has risen by 34%, reaching 24.04 dollars. Market participants and platforms closely monitor this increase and Chainlink’s new initiatives. Large-scale token transfers and new technological solutions could herald significant changes in the cryptocurrency market.

The developments between Chainlink and Aave may lead to long-term effects in the cryptocurrency ecosystem. It is crucial for market participants to closely track such innovations for strategic decision-making.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 26 December, 2024 - 11:14 am 26 December, 2024 - 11:14 am
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